75,000+ sf Facility Monmouth County, NJ. Additional Information Available at and
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1 FLEX INDUSTRIAL PROPERTY FOR SALE 75,000+ sf Facility Monmouth County, NJ 40 Christopher Way, Eatontown, NJ Additional Information Available at and Broker Ray License #: CO O: T: law, is made as to the accuracy, reliability, or completeness of this information. This material is submitted
2 Disclaimer DSCI Real Estate Holdings, LLC ( DSCI ), has retained Keen-Summit Capital Partners ( Keen ) and ( ), combined ( Keen- ), as their exclusive real estate brokers for the sale (the Transaction ) of 40 Christopher Way, Eatontown, NJ ( Property ). In connection with your request for information ( Information ) related to the Property and your interest in consummating a Transaction, DSCI hereby agrees to disclose information to you ( Prospect ) and to engage in conversations and negotiations with you, subject to the understandings, terms and conditions set forth below. 1. The Property are being offered AS-IS, WHERE-IS, with ALL FAULTS. 2. The Information has been prepared: a) for informational purposes only, b) from materials supplied by local municipalities and other sources deemed reliable, and c) to assist Prospects in making their own evaluation of the offering and does not purport to be all-inclusive or to contain all of the information that interested parties may desire. Keen- has not assumed responsibility for independent verification of any of the information contained herein and has not in fact in any way audited such Information. In all cases, interested parties should conduct their own investigation and analysis of the offering, conduct site inspections and scrutinize the Information. Prospects should engage legal counsel, accountants, engineers and/or such other professional advisors as Prospects deem appropriate for evaluating the Property. 3. Although Keen- will endeavor for the Information to contain data, which they believe to be relevant for the purpose of Prospect s investigation, Prospect understands and agrees that, except pursuant to the definitive purchase agreement to be entered into between DSCI and Prospect in connection with a Transaction, none of DSCI, Keen- or any of their respective officers, directors, employees, affiliates, agents, advisors or representatives: a) have made or make and expressly disclaim making any written or oral statements, representations, warranties, promises or guarantees, whether express or implied or by operation of law or otherwise, with respect to the Properties or with respect to the accuracy, reliability or completeness of the Information, or b) shall have any liability whatsoever to Prospect or any of Prospect s representatives relating to or resulting from the use of the Information, alleged acts or omissions, or any errors or omissions in the Information. 2
3 Disclaimer Continued 4. Without limiting the generality of the immediately preceding paragraph, the Information may include certain statements, estimates and projections with respect to the Property. Such statements, estimates and projections reflect various assumptions made by the DSCI, which assumptions may or may not prove to be correct. No representations are made as to the accuracy of such assumptions, statements, estimates or projections. The only information that will have any legal effect will be specifically represented in a definitive purchase agreement, subject to such limitations and restrictions as may be specified therein. 5. Prospect agrees that no contract or agreement providing for any Transaction shall be deemed to exist between Prospect and DSCI unless and until Prospect and DSCI execute and deliver a final definitive agreement relating thereto (a Transaction Agreement ), and Prospect hereby waives, in advance, any claims (including, without limitation, breach of contract) in connection with any Transaction unless and until Prospect and the DSCI shall have executed and delivered a Transaction Agreement. Prospect also agrees that unless and until Prospect and DSCI shall have executed and delivered a Transaction Agreement, neither Prospect nor DSCI will be under any legal obligation of any kind whatsoever with respect to a Transaction by virtue of this document except for the matters specifically agreed to herein. Prospect further acknowledges and agrees that the DSCI reserves the right, in its sole discretion, to reject any and all proposals made by Prospect or Prospect s representatives with regard to a Transaction, and to terminate discussions and negotiations with Prospect at any time. Prospect further understands that the DSCI shall be free to establish and change any process or procedure with respect to a Transaction as DSCI in its sole discretion shall determine (including, without limitation, negotiating with any other interested party and entering into a final definitive agreement relating to a Transaction with any other party without prior notice to Prospect or any other person). 6. Prospect agrees and acknowledges that Company, and/or Keen-, individually and collectively, have not made any representations or warranties except as expressly set forth in the Transaction Agreement. Prospect has relied only on the representations and warranties expressly set forth in the Transaction Agreement. 7. This Agreement shall be governed by, and construed in accordance with, the laws of the State of New Jersey, without regard to any principles of conflict of laws. Each of the parties hereto expressly waives all right to trial by jury in any action or proceeding arising out of or relating or pertaining to DSCI, the Properties, the accuracy or completeness of the Confidential Information, this Agreement, a Transaction, and/or the alleged acts or omissions of DSCI, DSCI s representatives or any of their respective officers, directors, employees affiliates, agents, advisors or representatives, including but not limited to Keen-. 8. It is understood that Keen- will arrange for appropriate contacts for due diligence purposes. All: a) communications regarding a possible Transaction, b) requests for additional information, c) requests for Property inspections, d) discussions regarding making an offer for the Property and/or participating in the sale process, and/or e) discussions or questions regarding procedures in connection with any possible Transaction, must be submitted or directed exclusively to Keen-. Neither Prospect nor Prospect s representatives will initiate or cause to be initiated any communication with any employee or representative of the business at the Property concerning the Information or a Transaction. 3
4 40 Christopher Way, Eatontown, NJ Block and Lot: Block 3901 Lot 46 PROPERTY OVERVIEW Property Type: Land Size: Building Size: Shape: Flex industrial building 7.77 acres 75,275 + sq. ft. 57.7% Office 41,149 sq. ft. on 2 levels 42.3% Warehouse Small Warehouse: 13,951, Large Warehouse: 20,127 Irregular Zoning: Year Built: 2000 Construction: Clear Ceiling Heights: 24 in the small warehouse 28 in the large warehouse BP2, Business Park Zone Uses permitted: Light industry, wholesale business, construction contractors, communications, warehousing, financial services, business offices, insurance services, inbound and outbound call centers, headquarters mixed-use complex, including executive offices, laboratories, research facilities and flex office/warehousing. Steel frame; Reinforced concrete foundation; Painted masonry exterior walls Truck Doors: Parking: Utilities: Elevator/Stairwells: Topography: 3 dock high doors; 2 grade-level drive-in doors 204 on-site Electricity, public water, sanitary sewer, natural gas and telephone utility lines are to site. 1 passenger and 1 freight elevator. 2 stairwells. Level at Street Grade Real Estate Taxes: $122,
5 Map Source: Google Maps 5
6 Aerial Map Source: Google Maps 6
7 Property Tax Map Source:: CoStar 7
8 Property Tax Source: Monmouth County Tax Assessor 8
9 Building Layout 6,480 SF Assembly Area Office Area 2 Floors 13,951 SF 24 Clear Ceilings 20,127 SF 28 Clear Ceilings 9
10 Building Plans Source: 10
11 Building Plans Source: 11
12 Building Plans Source: 12
13 Property Photos 13
14 Property Photos 14
15 Property Photos 15
16 Demographic Summary Report Source:: CoStar 16
17 All inquiries for additional information should be directed to: O: Broad Street Shrewsbury, NJ Broker Ray License #: CO O: Ray@SS.com US 1, # North Palm Beach, Fl Keen-Summit Capital Partners LLC Main: Broadway New York, NY Huntington Quadrangle, Suite 2C04 Melville, NY Matthew Bordwin Principal and Managing Director Direct mbordwin@keen-summit.com Craig Fox Director Direct cafox@keen-summit.com Robert Tramantano Director Heather Milazzo Vice President Direct rtramantano@keen-summit.com Direct hmilazzo@keen-summit.com 17
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